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Car sales plunge, Bank of England cuts rates

New car sales plunge in October: Renault sales were down by more than half By Nigel Wonnacott Motor Industry 06 November 2008 12:30 Following the sixth monthly decline in new car sales this year (down 23% this month), economists have revised market forecasts downwards, while the Bank of England has cut interest rates by 1.5%. October’s 23% drop was the worst so far and trade body SMMT now fears sales could end the year at just 2.15 million cars. That’s 8% lower than the 2.34 million predicted to leave showrooms back in January and would be the worst market performance in more than a decade.

Volvo P1800 turns 50

Volvo's sporty little number - the P1800 For those of us old enough to think in black and white, the Volvo P1800 conjures up long-forgotten images of The Saint and Roger Moore. For those too young to remember, the Saint was Roger Moore’s television audition for James Bond, but the real star of the show was the Volvo P1800. Even in the early 1960s, Volvo was renowned for its solid, safe and respectable cars.

Auto Union sale scotched

By Jack Carfrae Motor Industry 19 March 2007 02:35 Christie’s has pulled the ultra-rare 1939 Auto Union Type D grand prix car from auction this month. It had been expected to hit a new record of nearly £8 million. As reported previously, the Auto Union was attracting great interest because it is one of only two surviving examples from the late 1930s.